Real Estate Practice Chapter 15 exam ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
with correct answers ||\\||\\ ||\\||\\
The Institute of Real Estate Management (IREM) certifies
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
individual managers as ||\\||\\ ||\\||\\ ||\\||\\
(a)Licensed Property Mangers (LPM). ||\\||\\ ||\\||\\ ||\\||\\
(b)Professional Property Managers (PPM). ||\\||\\ ||\\||\\ ||\\||\\
(c)Certified Property Managers (CPM). ||\\||\\ ||\\||\\ ||\\||\\
(d)Certified Apartment Managers (CAM). - correct ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
answers✔✔C) certified property managers (CPM) ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
State law requires a resident manager for property containing
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
(a)16 or more units. ||\\||\\ ||\\||\\ ||\\||\\
(b)10 or more units. ||\\||\\ ||\\||\\ ||\\||\\
(c)5 or more units.
||\\||\\ ||\\||\\ ||\\||\\
(d)2 or more units. - correct answers✔✔(A) 16 or more units
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
In addition to the property manager's dual role of an
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
administrator for the owner and an advocate for the resident, ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
, the California Department of Real Estate requires a property
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
manager to ||\\||\\ ||\\||\\
(a)maintain proper records and make regular reports to the ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
owner.
(b)supervise employees. ||\\||\\
(c)create and supervise maintenance schedules and repairs.
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
(d)all of the above. - correct answers✔✔D) all of the above
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Basic responsibilities of a property manager: - correct
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
answers✔✔1. Marketing space by advertising and securing ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
desirable tenants ||\\||\\
2.Collecting rents ||\\||\\
3. Handling tenant complaints and physically caring for the
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
premises
4. Purchasing supplies and equipment and paying for repairs
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
5.Hiring needed employees and maintaining good public
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
relations
6.Keeping proper records and preparing required reports ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
7. Making recommendations to the owner on matters of
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
improvements, changes in use and insurance coverage, and ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
operational changes requiring owner approval ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
with correct answers ||\\||\\ ||\\||\\
The Institute of Real Estate Management (IREM) certifies
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
individual managers as ||\\||\\ ||\\||\\ ||\\||\\
(a)Licensed Property Mangers (LPM). ||\\||\\ ||\\||\\ ||\\||\\
(b)Professional Property Managers (PPM). ||\\||\\ ||\\||\\ ||\\||\\
(c)Certified Property Managers (CPM). ||\\||\\ ||\\||\\ ||\\||\\
(d)Certified Apartment Managers (CAM). - correct ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
answers✔✔C) certified property managers (CPM) ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
State law requires a resident manager for property containing
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
(a)16 or more units. ||\\||\\ ||\\||\\ ||\\||\\
(b)10 or more units. ||\\||\\ ||\\||\\ ||\\||\\
(c)5 or more units.
||\\||\\ ||\\||\\ ||\\||\\
(d)2 or more units. - correct answers✔✔(A) 16 or more units
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
In addition to the property manager's dual role of an
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
administrator for the owner and an advocate for the resident, ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
, the California Department of Real Estate requires a property
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
manager to ||\\||\\ ||\\||\\
(a)maintain proper records and make regular reports to the ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
owner.
(b)supervise employees. ||\\||\\
(c)create and supervise maintenance schedules and repairs.
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
(d)all of the above. - correct answers✔✔D) all of the above
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
Basic responsibilities of a property manager: - correct
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
answers✔✔1. Marketing space by advertising and securing ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
desirable tenants ||\\||\\
2.Collecting rents ||\\||\\
3. Handling tenant complaints and physically caring for the
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
premises
4. Purchasing supplies and equipment and paying for repairs
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
5.Hiring needed employees and maintaining good public
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
relations
6.Keeping proper records and preparing required reports ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
7. Making recommendations to the owner on matters of
||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
improvements, changes in use and insurance coverage, and ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
operational changes requiring owner approval ||\\||\\ ||\\||\\ ||\\||\\ ||\\||\\
